US Dollar Index: DXY holding above 94.00 level

• The US Dollar Index (DXY) has been essentially trading in a range since mid-May (orange rectangle). DXY is holding above a trendline from May 14 and near the 50-period simple moving average (daily).
• As DXY is evolving in rising wedge (daily chart), the bullish structure is slowly weakening and a bear breakout below 94.08 and 93.71 could lead to a drop towards 92.24, May 14 low. 
• On the other hand, if bulls manage to keep DXY above 94.08 they would need to overcome 94.91 and 95.24 July 13 high. 

DXY 15-minute chart

DXY daily chart

Spot rate:                94.36
Relative change:    -0.32%
High:                       94.76
Low:                        94.26

Trend:                     Neutral
        

Resistance 1:         94.44 June 1, swing high
Resistance 2:         94.83 May 29 close       
Resistance 3:         94.91 July 27 swing high
Resistance 4:         95.24 July 13 high
Resistance 5:         95.65 current 2018 high
Resistance 6:         96.00 figure
Resistance 7:         96.51 July 05, 2017

Support 1:              94.08 July 26 swing low
Support 2:              93.71 July 9 swing low 
Support 3:              92.24 May 14 low